By Tali Rackner
Norfolk, Va., May 27 – Pro Kapital Grupp AS said it will issue €7 million of 8% five-year secured callable fixed-rate bonds. The company’s supervisory council approved the issue on April 2.
The first subscription period began on April 20, as previously reported.
Each bond has a nominal value of €100,000.
The bonds will be registered with Euroclear Sweden AB, and Pro Kapital plans to apply for listing at the corporate bond list on Nasdaq Stockholm.
Pro Kapital Grupp is a Tallinn, Estonia-based real estate development company with a focus on modern large-scale commercial and residential real estate in the capitals of Estonia, Latvia and Lithuania.
| Issuer: | Pro Kapital Grupp AS
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| Issue: | Secured callable fixed-rate bonds
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| Amount: | €7 million
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| Maturity: | May 31, 2020
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| Coupon: | 8%
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| Price: | Par of €100,000
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| Issue date: | June 1
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